cyrus mistry on VVip scam

Deported Tata Group Chairman Cyrus Mistry has suspected that Tata Group Director Vijay Singh has involved in the VVIP chopper scam. Overthrown Tata Chairman Cyrus Mistry is not going well with the Tatas from past couple of months and created a stir in his battle with Tata board.

Mr. Cyrus Mistry who is locked in a boardroom tussle with the Tatas claimed that Vijay Singh hand in AgustaWestland Chopper Scam and his involvement in the scam when he was the Defence Secretary in 2010. Mistry said, “Mr. Vijay Singh has played a vital role in awarding of the Rs 3,600 crore VVIP helicopter contract to AgustaWestland in 2010.”

However, Mr. Singh responded over this and said that his involvement was not in the chopper scam and the deal of Rs 3600 crores was approved by the Union Cabinet well after he had retired from Government service.

“I was Defence Secretary from 2007-2009 and the current cases being sued by CBI pertain to 2004-2005. The cabinet approved the AgustaWestland procurement well after my retirement,” Vijay Singh said in a statement.Linking me with this scam is defamatory and hateful, said, Mr. Singh.

Possible Reasons for Cyrus Mistry Shocking Removal From Tata Sons

We all know that Cyrus Mistry rejected as a director of Tata Industries after the company found issues with him. Now, Mistry claimed that Vijay Singh, who is a 1970 batch retired IAS officer from Madhya Pradesh cadre, had no track record either as MP Chief Secretary or as Defence Secretary. Vijay is currently the non-executive director of Tata Sons.

On January 1, 2014, Government of India has signed a deal with Finmeccanica’s British Subordinate AgustaWestland for supplying 12 AW-101 VVIP choppers to the IAF over the unproven crack of vowed requirements. Meanwhile, ex-air force Chief SP Tyagi has taken into CBI custody for his hand in the scam, facing allegations of receiving kickbacks.

Cyrus Mistry also blamed that being a part of the Nominations and Remuneration Committee (NRC) of Tata Sons, Vijay Singh on June 28, 2016, gave a healthy-looking review of his performance as the Chairman of the Tata group.

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On the flipside, Singh said reasons for the removal of Mistry and stated that the reason for Ratan Tata losing his confidence on Mistry. He said that the team’s failed in bids such as Tata Power and Tata Motors for the multi-thousand crore future combat infantry Vehicle contract from the Army.

Responding on this, Mistry today stated that both Vijay and Tata were very much in the loop on various discussions on the project.